Category: Other Crypto News

Why Malta Says ESMA Goes Too Far

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Europe’s next crypto battle is no longer about whether to regulate the industry, but who gets to hold the pen. European Union leaders are weighing a European Commission proposal to hand direct supervision of the bloc’s largest crypto asset service providers (CASPs) to the Paris-based European Securities and Markets Authority (ESMA), shifting front-line control away from national regulators. France, Austria and Italy believe the move is overdue. In a joint September 2025 paper, their market authorities called for “a stronger European framework,” arguing centralized oversight is needed to address “major…

Aave V3 Avoided Unrecovered Bad Debt From 2023 to 2025: Study

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A Bank of Canada staff paper found that Aave V3 reported zero non-performing loans in 2024, with overcollateralization and automated liquidations helping prevent lender losses in its Ethereum lending market. Using transaction-level data from Jan. 27, 2023, to May 6, 2025, the study found that positions were typically liquidated before collateral values fell below outstanding debt, helping contain lender losses across the sample. But the model came with a tradeoff, the paper said. While it protected lenders from unrecovered losses, it also shifted risk onto borrowers and constrained capital efficiency…

XRP Price Completes Q1 In The Red Again, But Prior Performance Says A Surge Is Coming

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XRP’s close of the month of March in the red has now marked the end of the first quarter of 2026 as very bearish for the cryptocurrency. While this is concerning for investors of the altcoin, this is not the first time in history that the XRP price has closed the first quarter of the year in a complete bleed. In fact, this has happened multiple times throughout history, and so far, the dominating trend seems to be that the cryptocurrency will end up going green. XRP’s First Quarter Of…

Cathie Wood Sees No More 85% Bitcoin Price Drawdowns Versus All-Time Highs

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Bitcoin (BTC) is “done” with drawdowns of 85% or more from all-time highs, says ARK Invest CEO, Cathie Wood. Key points: Bitcoin will not see another correction of 85% or more versus its latest all-time high, Cathie Wood argues. A new prediction sees $34,000 becoming the next BTC price bottom. Bitcoin bear-market seasonality hints that a reversal could come this month. Wood on BTC price: No more 85% “collapses” In an interview with CNBC’s Squawk Box segment on April 1, Wood stayed calm about double-digit BTC price losses. “Believe it…

Drift Seeks Contact With The Hacker After $280M Exploit

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Drift Protocol, a Solana-based decentralized exchange (DEX), said Friday it had opened onchain contact with wallets tied to funds stolen in the exploit that outside firms have estimated at roughly $280 million to $286 million. Drift said on X that it had initiated onchain contact with wallets holding the stolen Ether (ETH), seeking to open a line of communication. The team sent onchain messages from its Ethereum address (0x0934faC) to four wallets linked to the exploiter at the time of publication, urging the attacker to reach out via Blockscan chat.…

ICBA Opposes OCC’s Conditional Nod For Coinbase National Trust Bank Charter

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The Office of the Comptroller of the Currency (OCC) granted Coinbase (COIN) a conditional approval for a national trust bank charter, a move that would place the crypto exchange among a small group of five digital-asset firms — including Ripple, Circle (CRCL) — that have received similar tentative sign-offs from the agency.  If the charter is finalized, Coinbase would be able to expand beyond custody services to offer payment products and other infrastructure under federal supervision, Coinbase’s chief legal officer, Paul Grewal, told CNBC. Coinbase Eyes Broader US Payments Suite …

Solana-Based Drift Protocol Suffers $285M Hack, Largest Of 2026

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Solana-based Drift Protocol has suffered the largest exploit of 2026 to date, losing nearly $300 million in a “highly sophisticated operation” that has raised concerns about the growing threat of human-targeted attacks in the crypto space. Related Reading Solana DEX Loses $285M On April Fool’s Day On Wednesday, Solana-based decentralized exchange (DEX) Drift Protocol was the victim of an exploit that stole hundreds of millions of dollars from its vaults. After online reports flagged unusual on-chain activity yesterday afternoon, Drift’s official channels confirmed the attack, quickly suspending deposits and withdrawals.…

Korea Investment & Securities Considers Coinone Stake: Report

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South Korean brokerage Korea Investment & Securities (KIS) is reviewing a potential stake in crypto exchange Coinone, according to Korean media reports and company comments, though no deal has been finalized. Citing people familiar with the matter, the Korea Herald reported that KIS started engaging with regulators and politicians as part of a broader process tied to a potential investment in Coinone. Coinone also said no specific transaction had been decided. The news comes as South Korea considers a proposal to cap major shareholders’ stakes in domestic crypto exchanges at…

New Bitcoin Crash Ahead? Bloomberg Strategist Forecasts Return To $10,000 – Here’s Why

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Bloomberg senior strategist Mike McGlone has renewed a stark prediction for Bitcoin (BTC), arguing that the market’s leading cryptocurrency could resume a prolonged decline that takes it back toward $10,000.  Why McGlone Sees Bitcoin Heading Back To $10K In a Thursday post on social media platform X (previously Twitter), McGlone framed the $10,000 level as a long-standing reference point for Bitcoin: it was a common trading price before the 2020–21 rally and has been among the most frequently traded levels since futures began trading in 2017. McGlone’s view, which he…

Bitcoin Stumbles Hard: The Worst Q1 In Years Raises Big Questions

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Bitcoin ended the first quarter of 2026 at $68,200 after falling 22% over the period, its weakest opening three months since 2018. The slide erased an early push higher that had briefly carried the cryptocurrency close to $95,000 before the market turned lower. A Sharp Turn After A Strong Start The quarter did not begin quietly. Bitcoin opened the year at a little past $87,000 and moved higher in the early stretch, showing enough strength to reach nearly $95,000. That momentum did not last. The price later sank to about…